Amazon India raises ₹915 crore from parent entities
May 08, 2021
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It plans to set up 10 new fulfillment centers, 5 new sortation centers, nearly 200 delivery stations
Amazon India has raised ₹915 crore from its holding company, Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited Company.
According to documents filed with the Registrar of Companies, on April 23, Amazon Seller Services Pvt. Ltd. (ASSPL) raised ₹915 crore against 91,49,57,723 shares and 42,277 shares allotted to, Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited Company respectively. The documents were sourced from Tofler.
Since 2013, Amazon Inc. has committed to invest around $6.5 billion in its Indian operations. In the recent past, Amazon has announced the expansion of its operations network in India. It plans to set up 10 new fulfillment centers, 5 new sortation centers, nearly 200 delivery stations, and over 1,00,000 seasonal jobs to help meet customer demand.